Risk factors affecting the ability for earned value management to accurately assess the performance of infrastructure projects in Australia

Ibrahim, Maan Nihad and Thorpe, David and Mahmood, Muhammad Nateque (2019) Risk factors affecting the ability for earned value management to accurately assess the performance of infrastructure projects in Australia. Construction Innovation, 19 (4). pp. 550-569. ISSN 1471-4175

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Abstract

Purpose – The purpose of this paper is to investigate a set of risk-related factors influencing the earned
value management (EVM) concept as an assessment technique in evaluating the progress of modern
sustainable infrastructure construction projects.

Design/methodology/approach – A qualitative research approach has been adopted for identifying
risk-related factors influencing EVM concept from a literature review and through interviewing
industry personnel, followed by an inductive process to form sets of key factors and their measuring
items.

Findings – EVM is a common method for assessing project performance. A weakness of this approach
is that EVM assessment in its current form does not measure the impact of a number of project
performance factors that result from the complexity of modern infrastructure construction projects, and
thus does not accurately assess their impact in this performance. This paper discusses and explains a
range of potential risk factors to evaluating project performance such as sustainability, stakeholder
requirements, communication, procurement strategy, weather, experience of staff, site condition, design
issues, financial risk, subcontractor, government requirements and material. In addition, their
measuring items were identified.

Practical implications – This research assists projects managers to improve the evaluation process of
infrastructure construction performance by incorporating a range of factors likely to impact on that
performance and which are not included in current EVM calculations.

Originality/value – This research addresses the need to include in the EVM calculation a range of risk
factors affecting the performance of infrastructure projects in Australia and therefore makes this calculation a more reliable tool for assessing project performance.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Accepted version deposited in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Faculty of Health, Engineering and Sciences - School of Civil Engineering and Surveying (1 July 2013 -)
Faculty/School / Institute/Centre: Current - Faculty of Health, Engineering and Sciences - School of Civil Engineering and Surveying (1 July 2013 -)
Date Deposited: 18 Feb 2020 06:19
Last Modified: 24 Feb 2020 04:05
Uncontrolled Keywords: earned value management, infrastructure construction, project management, performance, risk management
Fields of Research (2008): 09 Engineering > 0905 Civil Engineering > 090502 Construction Engineering
Socio-Economic Objectives (2008): B Economic Development > 87 Construction > 8704 Construction Processes > 870401 Civil Construction Processes
Identification Number or DOI: 10.1108/CI-07-2018-0058
URI: http://eprints.usq.edu.au/id/eprint/38084

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